By 2025, two-thirds of the world’s population could be living under water-stress...
By 2025, two-thirds of the world’s population could be living under water-stressed conditions, and by 2030 the global demand for fresh water could exceed the supply by 40 per cent, according to the United Nations. Finding solutions that will help to meet this pressing need is both a social imperative and a huge commercial opportunity.
Modak says that Singapore’s willingness to embrace new technologies to address its own needs has created a perfect environment for innovators and start-ups in the space. The country has invested heavily in the infrastructure for research and technology startups, while the national water utility, PUB, is embracing innovation and provides a natural test-bed for new solutions.
Besides water innovation, Singapore has invested in other solutions related to infrastructure and energy to address urban challenges. This ranges from energy generation for sustainability and efficiency to transport and public health. This has also drawn in innovators, investors and incubators from around the world looking to use the country as a springboard to the rest of the region.
“Startups and multinationals have complementary strengths and assets. When combined correctly, we believe that both can enhance each other and lead to more value creation overall,” says Quentin Vaquette, Managing Director ofCo-working space in the ENGIE Factory APAC
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